CoreLogic recently released their Annual Mortgage Fraud Report. Key points were:
- Mortgage fraud risk decreased 11.4% from Q2 2018 to Q2 2019.
- An increase in low-risk refinancing, driven by low interest rates, was the main driver for the decrease in fraud risk.
- New York, Florida and New Jersey remain the top states for mortgage application fraud risk.
- Purchase jumbo loans are the only segment showing a risk increase.
CoreLogic.com, September 11, 2019.